South America Seasoning and Spices Market – Growth, Trends, and Forecast (2020 - 2025)

South America Seasoning and Spices Market is segmented by Product type into Salt and Salt Substitutes, Herbs, and Spices; by Application into Bakery and Confectionery, Soups, Sauces, Salads, & Dressings, Meat, Poultry, & Seafood, Snacks & Convenience Food, and Other Applications, and by Geography

Market Snapshot

South America Seasoning and Spices Market Summary
Study Period:

2016-2025

Base Year:

2019

CAGR:

5.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

South America Seasoning and Spices Market is anticipated to register a CAGR of 5.5%, during the forecast period of 2020-2025.

  • Nutritional benefits, derived from seasonings and spices, such as cinnamon, nutmeg, basil, and turmeric, among others, have proved to be a key factor promoting the market growth.
  • Application in convenience food, such as ready-to-eat or ready-to-drink consumables, incorporates a wide range of seasonings and spices. This trend has boosted the growth of the South America seasoning and spice market. The evolving foodservice industry has witnessed a considerable growth in the recent past, where consumers are inclined toward Asian cuisines, such as Chinese, Indian, Thai, and Vietnamese, which involve a wide variety of spices. Growing interest among consumers to try out new cuisines is also boosting the market growth.

Scope of the report

South America Seasoning and Spices Market is segmented by Product Type into Salt & Salt Substitutes, Herbs, and Spices. The market is segmented by Application into Bakery & Confectionery, Soups, Sauces, Salads, & Dressings, Meat, Poultry, & Seafood, Snacks & Convenience Food, and Other Applications. The market is also segmented by Geography.

By Products Type
Salt and Salt Substitutes
Herbs
Spices
Pepper
Cardamom
Cinnamon
Clove
Nutmeg
Other Spices
By Application
Bakery and Confectionery
Soups, Sauces, Salads, and Dressings
Meat, Poultry, and Seafood
Snacks and Convenience Food
Other Applications
By Geography
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Processed Food

There has been an increase in consumer spending on baked goods, confectionery products, and ready-to-eat & fried food, particularly in developed economies. As a consequence, sectors, such as bakery, confectionery and prepared food, are buying more spices. The demand for processed food depends largely on the economic situation, in a particular country or region. Also, where economic activity is growing, there are sufficient disposable incomes and growing urban populations, who form the major markets for commercially processed foods. 

south-america-seasoning-and-spices-market

To understand key trends, Download Sample Report

Growing Consumer Preference for International Chained Restaurant

The international chained restaurants like Burger King, Dominos are becoming a daily consumption industry. It is becoming a regular part of the consumers’ lives than ever. This requires greater variety and, potentially, a shift away from the traditional emphasis on indulgence.

The growth of the foodservice industry is fueling the demand for spices and seasonings, as people want to try out new, ethnic, and exotic dishes. The rise of delivery and logistics platforms, such as UberEats, Swiggy, and Zomato, has created opportunities for new operators, while forcing more established operators to find new means of differentiation.

south-america-seasoning-and-spices-market

To understand geography trends, Download Sample Report

Competitive Landscape

The South American Seasonings and Spices Market is dominated by players like McCromick, Kerry Group, Sensient Natural Ingredients, Döhler Gmbh and others. The strong distribution networks and acquisition of distribution companies are major strategies used by players to expand their retail presence. McCormick’ has a highly optimized supply chain with a separate unit formulated specially for the keeping the supply chain in place and intact.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Products Type

      1. 5.1.1 Salt and Salt Substitutes

      2. 5.1.2 Herbs

      3. 5.1.3 Spices

        1. 5.1.3.1 Pepper

        2. 5.1.3.2 Cardamom

        3. 5.1.3.3 Cinnamon

        4. 5.1.3.4 Clove

        5. 5.1.3.5 Nutmeg

        6. 5.1.3.6 Other Spices

    2. 5.2 By Application

      1. 5.2.1 Bakery and Confectionery

      2. 5.2.2 Soups, Sauces, Salads, and Dressings

      3. 5.2.3 Meat, Poultry, and Seafood

      4. 5.2.4 Snacks and Convenience Food

      5. 5.2.5 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 McCormick & Company, Inc.

      2. 6.3.2 Kerry Inc.

      3. 6.3.3 Sensient Natural Ingredients

      4. 6.3.4 Dohler Gmbh

      5. 6.3.5 Frontier Co-op

      6. 6.3.6 Olam International

      7. 6.3.7 Worlee Group

      8. 6.3.8 Cargill, Incorporated

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The South America Seasoning And Spices Market market is studied from 2016 - 2025.

The South America Seasoning And Spices Market is growing at a CAGR of 5.5% over the next 5 years.

  • McCormick & Company, Inc.
  • Kerry Inc.
  • Sensient Natural Ingredients
  • Dohler Gmbh
  • Frontier Co-op

Are the major companies operating in South America Seasoning And Spices Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!